Author Question: If you invest 1,000 in a savings account and the annual interest rate is 3.6 percent, your account ... (Read 206 times)

faduma · **on:** Jun 30, 2018

If you invest 1,000 in a savings account and the annual interest rate is 3.6 percent, your account balance will double in value in approximately _____.
a. 185 years
b. 72 years
c. 34 years
d. 20 years
e. 3.4 years

Question 2

When two goods have positive cross elasticities of demand and positive income elasticities, they are:
a. Normal and substitutes.
b. Normal and complements.
c. Inferior and substitutes.
d. Inferior and complements.